CARETRUST REIT INC (CTRE) Technical Analysis
NYSE:CTRE • US14174T1079
Current stock price
CTRE Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to CTRE. Although CTRE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month CTRE has a been trading in the 35.65 - 41.72 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Looking at the yearly performance, CTRE did better than 78% of all other stocks. On top of that, CTRE also shows a nice and consistent pattern of rising prices.
- CTRE is one of the better performing stocks in the Diversified REITs industry, it outperforms 86% of 123 stocks in the same industry.
- CTRE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CTRE is performing more or less in line with the market.
- CTRE has an average volume of 2725770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CTRE Weekly and Daily overview Charts
CTRE Setup Rating and Analysis
CTRE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CTRE Support and Resistance Analysis
24.65
We found 2 important support areas.
- A support zone ranging from 35.93 to 36.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.90 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.63 to 41.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
CTRE Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CTRE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTRE is neutral. |
| ChartMill Relative Strength | 78.48 | POSITIVE | CTRE has a high relative strength, it outperformed 78.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.59 | OVERSOLD | The low RSI value suggests CTRE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests CTRE has a negative trend. |
| Stochastics (14,3) | 25.74 | NEUTRAL | The Stochastics value for CTRE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.39 | NEGATIVE | The low ADX value for CTRE suggests a weak or negative trend. |
CTRE Chart- and CandleStick Pattern Analysis
CTRE Technicals: Chart, Performance Metrics, Trend & Indicators
36.1
-3.15 (-8.03%)
CARETRUST REIT INC / CTRE TA FAQ
What is the technical rating for CTRE stock?
ChartMill assigns a technical rating of 4 / 10 to CTRE.
Can you provide the trend direction for CARETRUST REIT INC?
The current trend direction for CARETRUST REIT INC (CTRE) is Bearish.
What is the RSI signal for CTRE stock?
CARETRUST REIT INC (CTRE) has an RSI value of 27.5884. This indicates that the stock is currently oversold.
Can you provide the MACD signal for CARETRUST REIT INC?
The MACD indicator for CARETRUST REIT INC (CTRE) has a value of -0.38787, indicating a bearish trend.
What are the support and resistance levels for CARETRUST REIT INC (CTRE) stock?
CARETRUST REIT INC (CTRE) has a support level at 36.09 and a resistance level at 40.63. Check the full technical report for our detailed analysis of CTRE support and resistance levels.